HCM Income Plus

Class A: HCMEX | Investor Class: HCMKX

The goal of the HCM Income Growth Fund is to seek income and total return. The Fund uses a proprietary quantitative model to assist in determining when and which asset classes are bought and sold. Mathematically, the Fund attempts to keep investments in the strongest sector or sectors at any given time measured by the model. When in the market, the Fund will remain invested in various ETFs including but not limited to utilities, convertible bonds, real estate, fixed income of any maturity, duration and credit quality including “Junk Bonds”.

The Fund's investment adviser uses its proprietary quantitative model to assist in determining when and which asset classes are bought and sold. This model mathematically attempts to keep the Fund in the strongest sector or sectors at any given time as measured by the model. If a sector weakens, the model suggests a stronger sector into which the Fund should allocate its assets. The model's calculations are updated daily and evaluated weekly to determine whether the Fund's holdings require a reallocation. If a reallocation is required, weaker holdings are replaced with the stronger assets as determined by the model.

The Advisor will maintain the ability to invest a large percentage the Fund's holdings in one asset class of the market. The overall asset allocation of the Fund will not be fixed. It can and will change significantly over time as the Advisor decides to buy and sell any holding of the portfolio in response to changes in the model's quantitative measures as a means to take advantage of changes in U.S. and global market trends. The Advisor may engage in frequent buying and selling of the portfolio securities to achieve the Fund's investment objectives.

The Fund has a limited history of operations for investors to evaluate. The Adviser's reliance on its strategy and judgments about the attractiveness, value and potential appreciation of particular securities and the tactical allocation among the Fund's investments may prove to be incorrect and may not produce the desired results. Lower-quality bonds, known as "high yield" or "junk" bonds, present greater risk than bonds of higher quality, including an increased risk of default. In general, the price of a fixed income security falls when interest rates rise. Longer-term securities may be more sensitive to interest rate changes. Investments in foreign securities could subject the Fund to greater risks including, currency fluctuation, economic conditions, and different governmental and accounting standards. In addition to the risks generally associated with investing in securities of foreign companies, countries with emerging markets also may have relatively unstable governments, social and legal systems that do not protect shareholders, economies based on only a few industries, and securities markets that trade a small number of issues.

The Fund may be subject to the risk that its assets are invested in a particular sector or group of sectors in the economy and as a result, the value of the Fund may be adversely impacted by events or developments in a sector or group of sectors. The price of small or medium capitalization company stocks may be subject to more abrupt or erratic market movements than larger, more established companies or the market averages in general. A higher portfolio turnover will result in higher transactional and brokerage costs and may result in higher taxes when Fund shares are held in a taxable account. ETFs and mutual funds are subject to investment advisory and other expenses, which will be indirectly paid by the Fund. As a result, the cost of investing in the Fund will be higher than the cost of investing directly in other investment companies and may be higher than other mutual funds that invest directly in securities. The market value of ETF and mutual fund shares may differ from their net asset value. Each investment company and ETF is subject to specific risks, depending on the nature of the fund.

Portfolio Manager

Vance Howard

CEO, Howard Capital Management and Portfolio Manager

Vance has offered professional money management through Howard Capital Management, Inc. since 1999. He specializes in research, development, and implementation of various types of trading systems. After years of research, he developed a disciplined, systematic, and non-emotional method of investing that is designed to protect clients' assets during market declines. Vance proactively manages all the Funds.

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Investments in Mutual Funds involve risk including the possible loss of principal. There is no assurance that the Fund's will achieve their investment objectives. The adviser’s investment model carries a risk that the mathematical model used might be based on one or more incorrect assumptions. No assurance can be given that the Fund will be successful under all or any market conditions.

Investors should carefully consider the investment objectives, risks, charges and expenses of the HCM Funds. This and other important information about the Funds is contained in the prospectus, which can be obtained at www.howardcmfunds.com or by calling (770) 642-4902. The prospectus should be read carefully before investing. The HCM Funds is distributed by Northern Lights Distributors, LLC, member FINRA ⁄ SIPC. Northern Lights Distributors, LLC and Howard Capital Management, Inc. are not affiliated.